[2019-02-17] JPMorgan is Launching its Own Bank-Backed Coin

[ruthbabe]

JPMorgan will start providing the first U.S bank-banked crypto, named “JPM Coin”, in order to push its massive universal transactions as part of its extensive wholesale payments business. With over $6 trillion in financial institution transactions across the globe daily, the newly created coin will enable settlement payments between customers in a flash. Trial transactions that will be using JPM Coin are yet to start in a few weeks or months from now. See more for yourself here.

[blockman]

JP Morgan is jumping now to cryptocurrency. The coin that they will launch is going to be one of the joke coin in the market. People never forget what their CEO said last time about bitcoin. Though it will be backed by a bank, I don't think people will give that interest that we gave before and this look will be used inside their premises just like a stable coin.
Meahwhile, I saw this (https://www.forbes.com/sites/madhvimavadiya/2019/02/17/jp-morgans-cryptocurrency-jpm-coin-is-not-a-cryptocurrency/#27bd04cf21d1)